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The ATR Multicurrency is a fully automated multi-currency trading algorithm designed to operate exclusively during night-time, a period often characterized by a calmer market. This unique tool is designed to provide a safe and efficient trading experience, eschewing dangerous trading methods such as martingale, grid, and averaging.
Forex Trading Strategies: Unique Market Entry Point Search System
One of the key features of the ATR Multicurrency is its unique market entry point search system. The algorithm is designed to identify optimal market entry points, thereby maximizing potential profits and minimizing risk. This feature, coupled with the tool’s night-time operation, makes it a valuable asset for any trader looking to optimize their Forex trading strategies.
Multicurrency Trading: Default Currency Pairs
The ATR Multicurrency is designed to work with the default currency pairs of USDCHF, GBPUSD, and EURUSD. However, it’s also flexible enough to accommodate other currency pairs, making it a versatile tool for multicurrency trading. The recommended timeframe (TF) for these operations is M5.
Forex Market Analysis: Self-Optimization Parameters
Another notable feature of the ATR Multicurrency is its self-optimization parameters. These parameters, which are accessible in the EA settings, allow the tool to adjust its operations based on the prevailing market conditions. This ability to self-optimize enhances the tool’s efficiency in Forex market analysis and trading.
Currency Trading Tips: Recommended Settings and Operation
For optimal performance, it’s recommended to load the currency pairs used in trading in the Market Watch window. The ATR Multicurrency should be attached to one chart (USDCHF, timeframe: M5), and trading will be carried out on all pairs from that one chart. The recommended deposit for using this tool is from $50, especially on ECN accounts with low or zero spreads. Stop Level should be set to 0.
Trailing Stop Settings and Price Offset Settings
The ATR Multicurrency also comes with trailing stop settings and price offset settings. The trailing stop settings can be enabled or disabled based on the trader’s preference. When enabled, the trailing stop kicks in at a profit in points predetermined by the trader. The price offset settings, on the other hand, determine the price for placing a pending order.
Time Frame and Weekday Filter
The tool allows traders to set the start and end times of the EA in hours and minutes. It also provides a weekday filter, which enables traders to allow or prohibit trading on specific days of the week.
Independent testing of the ATR Multicurrency can be viewed on the forexroboteasy.com website, where users can also subscribe to updates on the test results. Users are encouraged to share their experiences using this tool to help others make informed decisions.
Overall, the ATR Multicurrency is a safe and efficient night-time Forex trading tool that offers a unique market entry point search system, self-optimization parameters, and a host of other features designed to enhance Forex trading strategies and multicurrency trading.
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